Stock market today: Dow, S&P 500, Nasdaq rise as Wall Street braces for Fed decision, Big Tech earnings

1 week ago 5

Updated Wed, January 28, 2026 astatine 3:59 AM CST 1 min read

Nasdaq futures popped, starring Wall Street stocks higher connected Wednesday arsenic investors braced for the Federal Reserve’s latest argumentation determination and perchance pivotal net from megacap tech giants.

Contracts connected the tech-heavy Nasdaq 100 (NQ=F) climbed astir 0,8%, portion those connected the Dow Jones Industrial Average (YM=F) hovered conscionable supra the level line. S&P 500 futures (ES=F) roseate 0.3%, eyeing different grounds connected the heels of an all-time closing high.

Attention present turns to Wednesday’s Fed announcement, the cardinal bank’s archetypal complaint determination of the year. Policymakers are broadly expected to permission rates unchanged successful a scope of 3.5% to 3.75%, putting the spotlight connected Chair Jerome Powell’s commentary for clues connected the way ahead. Markets are presently pricing successful 2 quarter-point complaint cuts by the extremity of 2026, according to CME FedWatch.

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The complaint determination besides comes amid a play of governmental hostility for the cardinal bank, arsenic the Trump medication successful caller weeks opened a transgression probe against Powell implicit his Senate grounds astir renovations of the cardinal bank’s headquarters. Markets are besides watching for President Trump to denote Powell's successor, which Trump has said could hap immoderate time now.

The large week up holds much than the Fed, with net play ramping up with results from respective heavyweight tech names. Microsoft (MSFT), Meta Platforms (META), and Tesla (TSLA) are scheduled to study aft the marketplace closes Wednesday, portion Apple (AAPL) is acceptable to merchandise its quarterly results connected Thursday.

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Premarket trending tickers: Seagate, Softbank, and Texas Instruments

Seagate (STX) banal roseate 9% earlier the doorbell connected Wednesday aft forecasting 3rd 4th gross and nett supra Wall Street estimates. The information retention institution said it had benefited from beardown request for its information retention devices.

Softbank (9984.T) Tokyo shares roseate much than 3% during premarket hours connected Wednesday. Softbank is said to beryllium successful talks to put an further $30 cardinal successful OpenAI (OPAI.PVT), according to radical acquainted with the matter. The Japanese institution is 1 of OpenAI's biggest investors.

Texas Instruments (TXN) banal roseate 7% earlier the doorbell connected Wednesday aft forecasting higher gross successful the archetypal 4th versus what it was successful the 4th quarter.
Musk aiming for mid-June SpaceX IPO astatine $1.5 trillion valuation

The FT reports:

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Texas Instruments banal pops successful after-hours commercialized arsenic analog spot request rises

Bloomberg reports:

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